November 2019

Corporate Update

LucaraDiamond.com | LUC.TO

Global Partnership Family OfficesInternational Deal Gateway

Forward‐looking information

Certain of the statements made and contained herein and elsewhere constituteforward-looking statements as defined in applicable securities laws. Generally,these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends","estimates", "potential", "possible" and similar expressions, or statements thatevents, conditions or results "will", "may", "could" or "should" occur or beachieved.

Forward-looking statements are based on the opinions and estimates ofmanagement as of the date such statements are made, and they are subject toa number of known and unknown risks, uncertainties and other factors whichmay cause the actual results, performance or achievements of the Company tobe materially different from any future results, performance or achievementexpressed or implied by such forward-looking statements. The Companybelieves that expectations reflected in this forward-looking information arereasonable but no assurance can be given that these expectations will prove tobe accurate and such forward-looking information included herein should notbe unduly relied upon.

In particular, this release may contain forward looking information pertaining tothe following: potential to expand the life of mine; updated resource andreserves for the Karowe Mine, including the Underground and the totalexpected life of mine production; estimates of the Company’s production andsales volumes for the Karowe Mine, including the Underground and associatedcash flow and revenues; estimates of the economic benefits of theUnderground, including the payback period; pre-production capital costs for theUnderground and the quantum required, and availability of, external financing;anticipated operating margins for the Underground operations; the ability tointegrate the underground operations seamlessly into the existinginfrastructure; the anticipated mine plan and mining methods; the schedule ofdevelopment of the underground, production profile and anticipated changesin diamond pricing, including trends in supplies and demands and the potentialfor stability in the diamond market and diamond pricing; changes to foreigncurrency exchange rate; the timing and ability of management to furthercommercialize the Clara digital sales platform and other forward lookinginformation.

There can be no assurance that such forward looking statements will prove tobe accurate, as the Company's results and future events could differ materiallyfrom those anticipated in this forward-looking information as a result of thosefactors discussed in or referred to under the heading "Risks and Uncertainties"'in the Company's most recent Annual Information Form availableathttp://www.sedar.com, as well as changes in general business and economicconditions, changes in interest and foreign currency rates, the supply anddemand for, deliveries of and the level and volatility of prices of roughdiamonds, costs of power and diesel, acts of foreign governments and theoutcome of legal proceedings, inaccurate geological and recoverabilityassumptions (including with respect to the size, grade and recoverability ofmineral reserves and resources), and unanticipated operational difficulties(including failure of plant, equipment or processes to operate in accordancewith specifications or expectations, cost escalations, unavailability of materialsand equipment, government action or delays in the receipt of governmentapprovals, industrial disturbances or other job actions, adverse weatherconditions, and unanticipated events relating to health safety andenvironmental matters).

Accordingly, readers are cautioned not to place undue reliance on theseforward-looking statements which speak only as of the date the statementswere made, and the Company does not assume any obligations to update orrevise them to reflect new events or circumstances, except as required by law.

All currencies mentioned in this presentation are in United States Dollars(“US$”) unless otherwise mentioned.

CAUTIONARY STATEMENT

2

High operating margin (>60% LOM) sustained since production began in 2012

2.64 million carats sold, $1.49 billion in revenue in under 7 years

Total capital investment less than US$200 million; US$271 million in dividends paid since 2014

Innovative Design - First diamond mine to use state of the art XRT technology for primary diamond recovery

Consistent recovery of high value +10.8ct diamonds, with additional realized input from high value coloured diamonds (blue, pink)

Top of Class, only mine in recorded history to ever recover two +1,000 carat diamonds

KAROWE DIAMOND MINE

3

Clara Diamond Solutions (100%)

Five sales successfully completed in Q3 2019;

14th sale commencing

Doubled number of sales and total value ($2.4 million) transacted in Q3 2019

Customer base grew 35% to 27 participants

Strong Balance Sheet & Dividend Policy Change

Quarterly dividend of CDN $0.025/ share paid Sept 19th

Decision to suspend quarterly dividend to focus on early works for underground development

Cash and cash equivalents of US$4.8 million and no long term debt

Q3 2019 HIGHLIGHTS(All currency figures in U.S. Dollars, unless otherwise stated)

Karowe Diamond Mine (100%)

Strong, stable operations for third consecutive quarter in 2019

Positive Underground Feasibility Study, Doubling the mine life

$31.06 operating cost per tonne of ore processed trending at the low end of guidance; Operating Margin 58%

$45.3 million quarterly revenue:

• 5 diamonds sold for >$1 million

• 1 diamond sold >$2 million

9.74 carat gem quality blue diamond and a 4.13 carat gem quality pink were recovered in September

34

2 c

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4

Lesedi La Rona 1109 carat

Second largest gem diamond ever recoveredin the world

HISTORIC DIAMOND RECOVERIES

Lucara has become renowned as one of the world’s foremost producers of large, gem quality diamonds

Constellation 813 carat

Sold for a record$63.1 M USD

5

DNOMAI DA RCAUL

The 1,109 carat Lesedi La Rona was recovered in 2015 and purchased by Graff in 2017 for US$53 million resulting in the 302.37 carat Graff Lesedi La Rona;

Graded by the GIA, one of the world’s largest square emerald cut diamonds; 66 satellite diamonds were also cut ranging from <1 carat to >26 carats.

The 813 carat Constellation was recovered in 2015 and purchased for US$63 million, the highest price ever achieved for the sale of a rough diamond.

The resulting 313 carat Constellation One is the largest D coloured emerald cut diamond in the world today and is the largest ever graded by the GIA; 7 satellite diamonds were also cut with the largest being 102 carats.

N

D

M

OAI DA RCAUL

LESEDI LA RONA & CONSTELLATION

LUC

AR

A D

IAM

ON

D

7

Sewelô, an unbroken 1,758 carat near gem quality diamond recovered in April 2019; largest diamond from Karowe to date

One of the largest diamonds in the world and the largest for Botswana

A ‘kernel’ stone of clean white material with windows through the diamond, domain of measuring approx. 350-400ct

Analysis in Antwerp currently underway

Only mine in recorded history to recover two diamonds greater than 1,000 carats

7

LUC

AR

AD

IAM

ON

D

7

2019 RECORD DIAMOND RECOVERY

Mokubilo Farm Initiative

Community focused initiative to generate, broad based sustainable income

Phase 1: butternut, tomatoes, peppers andeggs

Very Strong safety record

First Place Winner –Botswana Chamber of Mines Inter-Mines First Aid Competition

2018 Sustainability Report available on www.LucaraDiamond.com

SAFETY, HEALTH, ENVIRONMENT & COMMUNITY RELATIONS

8

Lucara’s Sustainability Report is prepared in accordance with the GRI Standards: Core option, and selected G4 Mining and Metals Sector Disclosures

In 2018, Lucara became a UN GC participant and contributes to 10 of the 17 UN SDGs

Lucara is certified by the Responsible Jewellery Council (RJC), compliant with Kimberley Process, and a member of Diamond Producers Association (DPA)

SUSTAINABILITY

9

Total Clarity Report by Trucost examined 150 metrics across the DPA members which comprise approximately 75% of the world’s diamond production with global operations including Botswana, Russia, South Africa, Lesotho, Australia, Zimbabwe and Tanzania.

VIEW THE FULL REPORT AT TOTAL-CLARITY.COM

TOTAL CLARITYTHE FACTS ON MODERN DIAMOND MINING

10

Long term fundamentals strong but pricing environment in short to medium term is challenged, De Beers and Alrosa sales at lowest levels since 2017, mid-stream

continues to struggle, polished demand weak

Note: Rough‐diamond demand has been converted from polished‐diamond demand using a historical ratio of rough to polished diamond values

Source: Bain & Company ‐ Global Diamond Report 2018

Millennials will be the highest‐spending generation from 2020 and the leaders in luxury spending, especially in China25

5

2030F

OptimisticDemand

20

Base Demand

15 Optimistic Supply

Base Supply

10

2000 2005 2010 2015 2020F 2025F

ROUGH DIAMOND SUPPLY AND DEMAND

$B

ILLI

ON

S

2000‐2030: 2019 prices, constant exchange rates, optimistic and base scenarios

Overlap of supply and demand in the short‐term creatinguncertainty on the mid‐term price evolution

11

DIAMOND MARKET

LUCARA DIAMOND SALES 2019 YTD

(All amounts in U.S. Dollars unless otherwise indicated)

• A total of 313,189 carats were sold for gross revenue of $136.5 million, $436/carat

• 19 diamonds which sold for > $1 million, including 6 for > $3 million

• 115 carat sold for $3.66 million; 77 carat faint pink sold for $3.11 million; 2.24 carat blue stone sold for $347,222/carat; 241 carat sold for $8.1 million

• Carats sold 22% higher yoy

• 2019 is the first full year for Blended Tenders resulting in a smoother revenue profile & decreased time to market for high value diamonds

• 609 Specials recovered, representing 6.1% weight percentage of total recovered carats including the 1,758 carat Sewelô, the largest stone recovered in the Karowe’s history; 24 stones > 100 carats 12

CONSISTENT RECOVERY OF LARGE DIAMONDS

Specials contribute ~70% by revenue and ~5% by volume

Includes 2015 to 2018

• Life of mine recovery of 152,000 carats of individual stones > 10.8ct (over 5,318 diamonds)

• Since 2012: 15 diamonds in excess of 300 carats have been recovered, 2 diamonds > 1,000ct

• Long term upside for diamond recoveries

• 10 diamonds sold for > USD$ 10 million each (not included in resource value modes)

REVENUE AND PRODUCTION

100%

80%

60%

40%

20%

0%

Revenue (US$)

Production(CTS)

<2ct +2ct +10.8

32

7 c

t

$502

$105 $121 $164

$75 $74

$1,608

$436

$79 $122 $126 $72

$64

GemDiamonds

Lucara Stornoway Petra Alrosa Firestone MountainProvince

2018

2019 Year to Date

2019 Median $122/ct

GLOBAL ACHIEVED AVERAGE DIAMOND PRICES 2018/2019(All amounts in U.S. Dollars per carat unless otherwise indicated)

Lucara’s Average price ~4x Global Average

$2,131

REVENUE(MILLIONS)

ADJUSTED EBITDA(1)

(MILLIONS)NET INCOME

(MILLIONS)

AVERAGE PRICE(AVERAGE $/CARAT) (1)

OPERATING COST($/TONNE PROCESSED) (1)

CASH FLOW PER SHARE FROM OPERATIONS(1)

(1) Non-IFRS measure

$135.6 $136.5

Q3 2018 Q3 2019

$55.7 $50.2

Q3 2018 Q3 2019

$17.8

$4.0

Q3 2018 Q3 2019

$564

$436

Q3 2018 Q3 2019

$38.98

$31.06

Q3 2018 Q3 2019

$0.09 $0.08

Q3 2018 Q3 201915

YTD 2019 OPERATIONAL HIGHLIGHTSNINE MONTHS ENDED SEPTEMBER 30, 2019

(All amounts in U.S. Dollars unless otherwise indicated)

YTD 2019 OPERATIONAL HIGHLIGHTSNINE MONTHS ENDED SEPTEMBER 30, 2019

(All amounts in U.S. Dollars unless otherwise indicated)

ORE MINED(TONNES)

CARATS RECOVERED(CARATS)

ORE PROCESSED (TONNES)

CARATS SOLD(CARATS)

OPERATING MARGIN(%)

2,026,672 2,157,015

Q3 2018 Q3 2019

2,550,084 2,608,785

Q3 2018 Q3 2019

284,236

346,638

Q3 2018 Q3 2019

240,245

313,189

Q3 2018 Q3 2019

63%58%

Q3 2018 Q3 2019

3.0 – 3.4 million

(all amounts in U.S. Dollars)

2019 OUTLOOK

DIAMOND REVENUE

$170 – $180 million (revised)

ORE TONNES MINED

$32 – $34 per tonne of ore processed (revised)

OPERATING CASH COST

DIAMOND SALES (CARATS)

400,000 – 425,000 (revised)

DIAMONDS RECOVERED (CARATS)

400,000 – 425,000 (revised)

ORE TONNES PROCESSED

2.5 – 2.8 million

WASTE TONNES MINED

6.5 – 7.5 million 34

2 c

t

17

Using Innovation and Technology

TRANSFORMING THE DIAMOND SALES PROCESS

Opportunity to disrupt the existing supply chain, driving efficiencies and unlocking value

Rough diamonds are sold stone by stone based on polished demand

Diamond provenance is assured

Exclusive collaboration with Sarine Technologies fundamental to the platform

• 13 sales completed during 2019 with >$7 million of diamonds transacted through the platform

• Frequency of sales and number of participants increasing

• Manufacturers on the platform have grown from 4 to 28 customers

• Focus on growing supply and demand concurrently through adding third-party production to the platform and increasing the number of manufacturers/buyers invited to join

• Discussions are underway to add third party supply to the platform

CLARA SALES PLATFORM 2019

>US$7 million diamonds sold by valuebetween one and four carats in size in better colours and qualities

Thirteen sales between December 2018 and October 2019

POSITIVE RESULTS

Extending Mine-life to 2040

KAROWE UNDERGROUND

• UG development will double the mine life from original 2010 Feasibility Study

• Resource work completed since November 2017 identified a much larger economic opportunity at depth, on the basis of new drilling and open pit recoveries

• UG would add ~ US$4 billion in additional revenue

• + US$200 million in revenue from ‘exceptional’ diamonds not included in economic analysis: potential for + US$500 million in additional revenue over proposed new LOM

Long hole shrinkage selected as underground mining method (700-310 masl)

Provides access to higher value ore early

Payback period in granites lowers risk

Maintains current production rate of 7,200 tpd 2.6 Mt/annum

Strong Economics on both stand alone UG and OP+UG scenarios

OP &UG Combined:

NPV $945 million/$536 million (Pre/Post Tax @ 8%)

NPV $1,266 million/$718 million (pre/post tax@ 5%)

$2.2 billion / $1.2 billion Cash Flow (pre/post tax)

Updated geological resource confirms increasing value with depth

Underground NI 43-101 Indicated resources of 35 million tonnes @ 15 cpht for 5.1 million carats

Diamond price of $725/carat (no escalation)

$3.7 billion in revenue

34

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UNDERGROUND FEASIBILITY KEY FINDINGSAll currency figures in US Dollars, unless otherwise stated

21

• An update to the mineral resource and geological model increased the extent of the Indicated resource of the high value South Lobe between 400 and 250 masl and increased the depth of South Lobe Inferred to 66masl (previously 250masl)

• Internal geology of south lobe is dominated by two domains EM/PK(S) and M/PK(S) - Size frequency and Value models have been established for each dominant domains

Classification Domain Volume (Mm3)

Tonnes (Mt)

Density (t/m3)

Carats (Mcts)

Grade (cpht)

Average (US$/ct)

Indicated

South_M/PK(S) 9.40 27.81 2.96 3.01 10.8 $631

South_EM/PK(S) 7.62 22.10 2.90 4.68 21.2 $777

Centre 1.28 3.28 2.57 0.50 15.1 $367

North 0.44 1.08 2.45 0.13 11.8 $222

TOTAL INDICATED 18.74 54.27 2.90 8.32 15.3 $690

Inferred

South_M/PK(S) 0.10 0.31 3.05 0.03 10.5 $631

South_EM/PK(S) 1.40 4.18 2.97 0.87 20.9 $777

South_KIMB3 0.32 0.94 2.94 0.10 10.9 $631

TOTAL INFERRED 1.82 5.42 2.97 1.01 18.6 $750

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All numbers have been rounded to reflect accuracy of the estimate.; Mineral

Resources are in-situ Mineral Resources and are inclusive of in-situ Mineral Reserves.; Mineral Resources are exclusive of all mine stockpile material.; Mineral Resources are quoted

above a +1.25 mm bottom cut-off and have been factored to account for diamond losses within the smaller sieve classes expected within the current configuration of the Karowe

process plant.; Inferred Mineral Resources are estimated on the basis of limited geological evidence and sampling, sufficient to imply but not verify geological grade and continuity.

They have a lower level of confidence than that applied to an Indicated Mineral Resource and cannot be directly converted into a Mineral Reserve.; Average diamond value estimates

are based on 2019 diamond sales data provided by Lucara Diamond Corp. Mineral Resources have been estimated with no allowance for mining dilution and mining recovery.

• 2019 Update utilised historical drilling and sampling data augmented by detailed logging, sampling and petrographic work on 33 new drillholes and 1,300 kilograms of additional microdiamond sampling (151 samples)

22

MINERAL RESOURCE UPDATE 2019

Indicated

250 masl

Inferred

23

MINERAL RESOURCE UPDATE 2019

<70% South

85% South

100% South

* Excludes Lesedi la Rona and Constellation

DIAMOND PRICING: KAROWE UNDERGROUND MODEL

• $/ct models are a function of size frequency distribution a (SFD) and value per size class• SFD models are constructed on very robust datasets, informed and reconciled by over 7 years of

production• Value based on actual sales: Lucara rough price book, sales data for single stones• High value (+$10 million USD) single stones are excluded from generation of SFD and Value models• Current Value models adjust for market downturn in high colour large goods• 2014-2019 LOM average prices are weighted approximately 70:30 South: North/Centre• 2019-2036 LOM average prices are weighted approximately 85:15 South: North/Centre

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24

• Trade off assessed block cave, sub level cave, assisted block cave

• Geotechnical testing results did not support caving or caving with preconditioning

• Higher value ore lies deeper and is attributable to higher grade and value EM/PK(S)

• Long Hole Shrinkage (LHS) is planned to systematically drill and blast the entire South Lobe on a vertical retreat basis

• Mucking of swell and ultimate pull down of broken muck will take place from an extraction level at the 310 Level (310masl)

UG MINE DESIGN:LONG HOLE SHRINKAGE

Capacity 2.6 Mt/y from UG mining

Life 13-year UG production

5.5-years pre-production

UG Ore Tonnes 33.5 million tonnes

UG Carats 5.1 million carats

USD$725/carat

392 kcarats/year UG LOM

UG Mine Extent 700 masl to 310 masl 25

680

Level

310

Level

380

Level

580

Level

480

Level

Total

development:

16,300 m lateral

2,800 m vertical

Pro

d. S

haf

t (7

67 m

dee

p)

Ven

t. S

haf

t (7

17 m

dee

p)

Final

Pit

KAROWE UNDERGROUND MINE DESIGN

26

STOPE DESIGN AND SEQUENCE

200 m (50%) vertical mining within competent granite.Payback while in granite host rock

Mining advances upwards in 17.5 m average high lifts

Kimberlite skin left until drawdown to support carbonaceous shales

Dra

wd

ow

nSto

pin

g

Muck is left in stope for sidewall support until all blasting is complete. Only swell is extracted during the blasting phase.

INDICATIVE PRODUCTION SCHEDULE

-

20

40

60

80

100

120

140

160

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040

Va

lue

/ T

on

ne (

$/t

)

Ma

teri

al M

ille

d (

ton

nes

)

UG-South-EMPK UG-South-MPK South-EMPKSouth-MPK Center NorthValue / Tonnes

Open Pit Underground

Production schedule is based on current assumptions which are listed in the FS and subject to risks and uncertainties and general operational factors which may vary from scheduling contemplated in the FS , review cautionary statement

28

FS COMBINED OP/UG PRODUCTION METRICS

Carat Production

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

0

100

200

300

400

500

600

20

20

20

21

20

22

20

23

20

24

20

25

20

26

20

27

20

28

20

29

20

30

20

31

20

32

20

33

20

34

20

35

20

36

20

37

20

38

20

39

20

40

Cu

mu

lati

ve K

Ct

Year

ly P

rod

uct

ion

KC

t

EM/PK(S) M/PK(S) N/C/S Cum Ct

Production Metrics OP UG Base Case

Waste Tonnes mined (millions) 13.43

Ore Tonnes mined (millions) 49.97

Processed Tonnes (millions) 56.03

Recovered Diamond grade (cpht) 13.99

Total Recovered Carats (millions) 7.838

Mine Life (Years) 20.9

Open Pit Underground

Schedule is based on current assumptions which are listed in the FS and subject to risks and uncertainties and general operational factors which may vary from scheduling contemplated in the FS , review cautionary statement

29

(All Amounts In U.S. Dollars )

2019 KAROWE UNDERGROUND + OPEN PIT

50 M Ore Tonnes Mined56 M Ore Tonnes TreatedFROM 2020-2040

2.8 Year Pay-Back

7.84 Million Carats

LOM DIAMONDS PRODUCED

$1.2 Billion Cash Flow

POST-TAX

$2.2 Billion Cash Flow

PRE-TAX

$28.43/t ProcessedOPERATING CASH COSTS

Mining Cost $8.44/tOPERATING CASH COSTS

7,200 tpd / 2.6 Mt/a

MAINTAINS CURRENT PRODUCTION RATE

NPV $945 M

PRE-TAX @ 8% DISCOUNT

NPV $536 M

POST-TAX @ 8% DISCOUNT

NPV $1,266 M

PRE-TAX @ 5% DISCOUNT

NPV $718 M

POST-TAX @ 5% DISCOUNT

$

30

$161.50

$160.00$18.80

$0.10

$5.90

$1.60

$19.60

$47.70

$46.90

$51.60

Mining - Shaft

Mining - non-shaft

Bulk Earthworks

Process Plant

Onsite Infrastructure

Buildings & Facilities

Offsite Infrastructure

Project Indirects

Owner’s Costs

Contingency

Total Pre-ProductionCapital Costs

$514 Million

UNDERGROUND ESTIMATED PRE-PRODUCTION CAPITAL(All amounts in U.S. Dollars )

31

Cash Cost Summary (US$/ ct)

Mining $56

Processing $108

On Site G&A $40

Total $204

Carat margin $522

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

(US$)

MarginUS$522/ct

Average Operating

Cost*US$204/ct

HIGH MARGIN OPERATION(All amounts in US $)

* Non IFRS Measure32

UNDERGROUND ONLY OPEX ESTIMATE

(All amounts in US $)

*excluding $1.20 /t for mine overheads captured in G&A

33

AreaEstimate

($/t milled)Estimate($/carat)

UG Mining 8.53* 57

Processing 15.70 104

G&A 6.33 42

Total 30.57 202

* Excluding $1.20/t for mine overheads captured in G&A

COMBINED OP POST-TAX CASH FLOW

-1000

-500

0

500

1000

1500

-100

-50

0

50

100

150

20

19

20

20

20

21

20

22

20

23

20

24

20

25

20

26

20

27

20

28

20

29

20

30

20

31

20

32

20

33

20

34

20

35

20

36

20

37

20

38

20

39

20

40

20

41 0 0

CU

MU

LA

TIV

E C

F U

S$M

AN

NU

AL

CF

US

$M

Annual Cash Flow Cumulative Cash Flow

34

(All Amounts In U.S. Dollars )

2020 2021 2022 2023 2024 2025

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1Activity

Preparation

Detailed Engineering

Detailed Schedule

Permitting

BPC Powerline Permitting and Eng.

Early Procurement

Early Recruitment

Underground Development

Shaft Grout Curtains Installation

Vent Shaft Development

Production Shaft Development

660 Dewatering Drilling

310 Development

480 Development

680 Devleopment

UG Mechanical Equip. Installation

Shaft Equiping

Ramp Up Begins

Full Production

Surface Infrastructure

Camp Construction

Surface Infrastructure Development

BPC Powerline Construction

HIGH LEVEL INDICATIVE SCHEDULE

Activities listed for underground development and surface infrastructure require available financing and Lucara Board approval

35

NEXT STEPS

• Based on the assumptions used for this evaluation, the project shows positive economics and should proceed to detailed engineering, financing and construction.

• In the first half of 2020, the Company will focus on detailed engineering and early procurement initiatives.

• The Company will also be reviewing financing options and will update the market when such decisions are reached.

• The anticipated capital requirements in 2020 represent less than 10% of the initial capex estimate for the underground project. The Company’s anticipates funding initial expenses from cash flow, as financing options are explored.

36

• High margin diamond producer

• Botswana - a low risk jurisdiction

• Strong balance sheet

• Open pit mineable reserves to 2026,

Underground reserves will double the mine life

to 2040

• Asset diversification and additional revenue

stream through Clara

CONCLUSIONS

Lucara is a premier, mid-tier, investible diamond company, positioned for long term, sustainable growth

81

3 c

t

~C$347M

CAPITAL STRUCTURE

MARKET CAP

US$4.8M (September 2019)

US$50.0M (available)

Credit Facility

CASH ON HAND

WORKING CAPITAL FACILITY

$Nil (September 2019)

ISSUED SHARES

396.9M (September 2019)

FULLY DILUTED SHARES402.5M (September 2019)

INSIDER HOLDINGS

22% Fully Diluted Basis

LUCLucara is a publicly listed company trading underthe symbol “LUC”

TSX

NASDAQ Sweden

BSE (Botswana)

38

CONTACT

Suite 2000885 West Georgia St. Vancouver, BCV6C 3E8

Tel: +1 604 689 7872Fax: +1 604 689 4250Email: info@lucaradiamond.com

LucaraDiamond.com | LUC.TO